WEC Energy Group Inc (WEC) : Jnba Financial Advisors reduced its stake in WEC Energy Group Inc by 9.81% during the most recent quarter end. The investment management company now holds a total of 1,627 shares of WEC Energy Group Inc which is valued at $92,170 after selling 177 shares in WEC Energy Group Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.WEC Energy Group Inc makes up approximately 0.03% of Jnba Financial Advisors’s portfolio.
WEC Energy Group Inc opened for trading at $56.92 and hit $58.12 on the upside on Wednesday, eventually ending the session at $57.7, with a gain of 1.75% or 0.99 points. The heightened volatility saw the trading volume jump to 20,98,336 shares. Company has a market cap of $18,213 M.
Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi reduced its stake in WEC by selling 231 shares or 5.38% in the most recent quarter. The Hedge Fund company now holds 4,060 shares of WEC which is valued at $229,999. WEC Energy Group Inc makes up approx 0.04% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Wealth Enhancement Advisory Services reduced its stake in WEC by selling 1,573 shares or 5.19% in the most recent quarter. The Hedge Fund company now holds 28,749 shares of WEC which is valued at $1,628,631. WEC Energy Group Inc makes up approx 0.33% of Wealth Enhancement Advisory Services’s portfolio. Santa Fe Partners sold out all of its stake in WEC during the most recent quarter. The investment firm sold 71,770 shares of WEC which is valued $4,219,358.
On the company’s financial health, WEC Energy Group Inc reported $0.63 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $1848.30 million for the quarter, compared to analysts expectations of $2237.89 million. The company’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Many Wall Street Analysts have commented on WEC Energy Group Inc. Company shares were Reiterated by Mizuho on Feb 8, 2016 to “Buy”, Firm has raised the Price Target to $ 63 from a previous price target of $54 .Company shares were Downgraded by Deutsche Bank on Feb 5, 2016 to ” Hold”, Firm has raised the Price Target to $ 57 from a previous price target of $56 .Shares were Reiterated by Barclays on Feb 5, 2016 to “Equal Weight” and Lowered the Price Target to $ 57 from a previous price target of $61 .
WEC Energy GroupInc. formerly Wisconsin Energy Corporation is a holding company. The Company operates through two segments: utility energy segment and non-utility energy segment. Its utility energy segment consists of Wisconsin Electric and Wisconsin Gas operating together under the trade name of We Energies. Its non-utility energy segment consists of We Power which owns and leases to Wisconsin Electric generation plants constructed as part of its Power the Future (PTF) strategy. Its other non-utility operations consist of the operations of its subsidiaries Wispark LLC and Bostco LLC. Its principal utilities include Wisconsin Public Service Peoples Gas North Shore Gas Michigan Gas Utilities and Minnesota Energy Resources among others. Its primary subsidiaries are Wisconsin Electric Power Company (Wisconsin Electric) Wisconsin Gas LLC (Wisconsin Gas) W.E. Power LLC (We Power) Integrys Energy Group Inc. and Integrys Holding Inc. among others.